美国债券市场是全球最早成立、最发达和监管体系最成熟的债券市场。适当的监管体制是债券市场稳定运行的基本保证。通过系统研究，本文认为美国债券市场管理的主要立法依据清晰，实行集中监管体制，行使政府监管的部门积极参与资本市场并占据主导地位，而各类自律组织则发挥重要的协助作用。这些监管经验值得我国在完善债券市场制度的过程中加以借鉴。
The bond market of the United States is the first such market in the world；it is also the most developed market with the most mature regulatory system. Proper regulation is the basic guarantee of the stable operation of the bond market. Through systematic studies，this article argues that the main legislative bases for bond market management are quite solid and the concentration-centered regulatory system enables the regulatory departments to actively participate in the capital market and play a dominant role；meanwhile，various self-regulation organizations have played a supportive role in that process. China should learn from those regulatory experiences and lessons to improve its bond market system.
